The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017.

The trustees of the IFRS Foundation, led by Michel Prada, are responsible for the governance of the board. Françoise Flores is appointed for an initial five-year term, expiring 31 December 2021.

Françoise Flores said: “Having followed the work of the IASB and the IFRS Foundation very closely for many years, I am grateful for the honour and opportunity to share in the responsibility of serving the IFRS Foundation’s mission.”

Flores has almost four decades of experience in financial reporting, from a company perspective as well as from a standard setting view. She served as the CEO of the European financial reporting advisory group (EFRAG) from 2010 until April 2016, and she was the chairman of EFRAG’s Technical Expert Group (TEG).

Sheila Fraser, chair of the IFRS Foundation Trustees’ nominating committee, said: “The IASB consists of technical experts from diverse, professional and geographical backgrounds. Françoise’s experience and technical expertise make her well suited to the role as a Board member.”

Hans Hoogervorst, chairman of the IASB, added: “Françoise’s broad and varied experience will bring interesting perspectives and expert input to the Board’s standard-setting work. I look forward to welcoming her on board.”

Flores also has ten years’ experience as a CFO, for both listed and private groups, including BPI Group, Intertechnique subsidiary IN-LHC and Thomson Group subsidiary Auxilec SA. Most recently, she had returned to work as a partner at accountancy firm Mazars in Paris, France.

The IASB reappointed chairman Hans Hoogervorst in February, effective from 1 July 2016.